The 3 Week Diet System

Tuesday, July 28, 2015

Italian oil firm Saipem to cut 8,800 jobs by 2017

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July 28:

  (foto: ANSA)

(ANSA) - Milan, July 28 - Italian oil industry giant Saipem said Tuesday that it plans to cut 8,800 workers by 2017. The reductions are part of a restructuring plan that follows more than 900 million euros in writedowns. The company, which is 43% owned by ENI, says it has been hard by the global collapse in oil prices.


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